Americans are feeling worse about the US economy amid inflation concerns

released Friday revealed a 13% decline in overall sentiment during the month of May. The index reading for the month came in at 67.4, its lowest level in six months, and well below economist expectations for a reading of 76.2.

The drop in sentiment comes after several months of data showing that inflation's downward path hasn't been as smooth as many economists had hoped. Through the first three months of the year the core Personal Consumption Expenditures index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose at an annualized pace of 4.4%.

Powell has talked extensively about how consumer's feelings around inflation is something the central bank watches and will play a role in inflation returning the to 2% goal. DOHA, QATAR - DECEMBER 03: Supporters of United States looks dejected after the FIFA World Cup Qatar 2022 Round of 16 match between Netherlands and USA at Khalifa International Stadium on December 3, 2022 in Doha, Qatar. With earnings around the corner, you can still pick up this dividend stock with a TSX-beating dividend at 8.9% as of writing! The post Beat the TSX With This Cash-Gushing Dividend Stock appeared first on The Motley Fool Canada.

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Source: Financial Digest (financialdigest.net)

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